IMF official calls for BOJ to 'be cautious'
"The BOJ is right to be cautious in ending quantitative easing," as the danger of falling back to deflation is now greater than the possibility of inflation starting to pick up, said David Burton, director for the IMF's Asia and Pacific Department.
Burton said at a news conference in Tokyo that Japan's consumer prices may turn positive "in the coming months," a move that could prompt the BOJ to fine-tune its ultra-easy monetary policy framework.
But he said it will be "a while after that" for the Japanese central bank to see its self-set conditions fulfilled before abolishing its four-and-a-half-year-old quantitative easing policy.
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